I think we are about to get F******

Those top guys at the top of the gvt they not only provide a service but also a self service! At least that is the case in France! :-)

If properties were not that expensive here and mortgage so high then we could spend a bigger chunk of our wages on food ,education and well being and our toys of course.

But property investment (with no capital gain tax ) being a national sport since the 90's , that wealth is stuck in the hands of the ones who can afford to play the game to the detriment of the rest and newer generations as well.

We have to add G.S.T. on everything, even if the sale is only a few cents, and if we are late paying G.S.T. to the I.R.D. they F.A.K. us up the B.U.M. with a fine. :O_O:

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Originally Posted by tirantious

15% income tax 15% student loan 4% kiwisaver chuck in the cost of repaying polytech the 6k the student loan didnt cover, the power bill, rent, food and gst on anything i buy or use you can see why ive got bugger all in savings and had to borrow the boss car to go get shopping because i cant afford to fix the blown motor or replace the ute. i honestly struggle to see how i could eventually buy my own house let alone even buy into a farm the same goes for most off my mates unless there family already owns a farm. staying alive costs to much.

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Work hard, look for opportunities,Remember in the end the only one that counts is you, look after yourself and your loved ones,It happens over time, set small goals, dream big, and move forward. When I got married 43 years ago, I had a car worth $1800, no bank account or savings, I was 23 yrs old, I had a trade, but no money skills, I learnt! I had no hand outs or family that could/would help me. I worked hard and did whatever I could with my skills to make money. It ain't easy but that's the way life is. My wages were rung out to the last cent!!! every week.
I look back now with great satisfaction, pity is life is finite and thats a bit of a bastard when you reach retirement age and still want to run round like a 23 yr old!

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Originally Posted by screamO

My Grandfather always told me there were two certainties in life, death and taxes.

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and a bit of rooting in between!!!

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Originally Posted by Spudattack

Jeez, some people really don't know how good they have it!

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You right there Spud, there's oysters everywhere in NZ. You just got to learn how to harvest!!

To each there own, I suppose.
Everyone has an opinion, that they feel is the right one. If govt can implement and successfuly maintain a tax for 400 or less, I for one will be amazed.
The news has the govt saying that this tax would be a couple of years away, as it would be " complex "

I don't have a huge beef with paying GST. The reality of international shopping for me, is that a lot of the things I want, you simply can't just go out and buy in New Zealand. I usually find that certain things that are available here, are poor quality at high cost, or at a price that does not justify the purchase of the item. I don't have a lot of money to spend on my hobbies after the bills are payed, why should I be forced by the govt and outdated business models to pay extortionate amounts for a product that is clearly inferior for the money? This is with regards to international companies having to register with IRD and sort out our tax at their end. It will kill online shopping, which is what local bricks and mortar businesses will want. Welcome back to the 80's New Zealand. Seriously this is capitalism and the free market in it's finest form - the consumer dictating the market. Local business need to embrace it and evolve. Or FOAD for our benefit.

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Originally Posted by Mauser308

FOAD??? Ah yes, that would be the blunt way of putting that...

A prime example today, mate blows up a 'little' DC power supply accidentally - let the magic smoke out. Two quotes from the only two suppliers in NZ, $1750 and $1850 rough figures including.

Latest and greatest ex the US, landed in NZ including shipping $NZ390. Why do we by overseas again, I might have forgotten...

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And hopefully 230volt , the right size to run whatever and compliant with nz standards if he needs a tag on it, cause if not it either no tag or the poor bastard that tags it will be liable if it burns something down. I've just been through this exercise with someone else and there were no free lunches:D

This is one of the beast threads ever :thumbsup:

At the end of the day I don't think this is so much about gathering more Tax. There are much easier ways such as house stamp duties, capital gain taxes, overseas investor tax, closing company tax loopholes etc. Its about protecting retailers from competition. Without a doubt any system will either cut off overseas retailers, introduce extra unfair charges (such as inspection/clearance charges) or just make it more complicated etc. Stopping people undervaluing for tax would involve banning private importation.

Sorry to those out there who are doing well and cant understand and why others are struggling. New Zealand is still one of the best places in the world to live but it is slowly becoming a rich mans playground.

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Originally Posted by 300CALMAN

Its about protecting retailers from competition.

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And its probably being considered because of pressure/nagging from retailers and unions.

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Originally Posted by Maca49

When I got married 43 years ago, I had a car worth $1800, no bank account or savings, I was 23 yrs old,

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Should have brought a house freehold!:thumbsup:

My theory is make the most of it while you can. I'm all for buying the same product for cheaper else where, who wouldn't be? Long term it will F#*k new Zealanders either way because if they don't do something about it they will have to put up taxes and god knows what else which will properly cost more than paying a bit off GST on some imported goods.
I have had lots of mates that all f@*k off overseas to make the big money and tell me how good it is, then they come back with no money and tell me how they had to drive 1 1/2 hours to work and 2 hours to get home un-paid and in there own vehicle, If they worked those unpaid driving hours in NZ they would have been making more money......But while in NZ they didn't want to travel more than halve an hour un-paid?

I'll still be buying overseas for variety and service as with a few exceptions retailers here have not cottoned on to the fact that good customer service is the key (and I work in a service industry).

I'd gladly pay the GST and freight , better than being gouged here especially when the minute the "whatever' breaks being fobbed off with retailers who don't give a shit once they have your money. What was the benefit of buying here again??

It's a long way off a rich mans playground in my opinion, remember we need rich people, a country full of poor people would be a bastard without the dole!! I get sick of supporting things with my taxes that I don't believe in but hey the more tax we gather the better off we would be. Google, Apple and multi nationals are the pricks that need to come good and stop raping us of tax.
Global markets have their downside and we are finally waking up, or at least the govt is as to where money is going, OFF SHORE!
But don't worry United Nations when they get control will have it sorted ah for F##ksake it's depressing!:brains...!:

I only shop online for variety and ease price is usually a distant third factor, supply house had a tool pouch for $370nzd. It was on Amazon for $75USD, now Im quite happy for everyone to make a bit of meat but thats the NZ distributor taking the piss in my opinion.

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Originally Posted by screamO

My theory is make the most of it while you can. I'm all for buying the same product for cheaper else where, who wouldn't be? Long term it will F#*k new Zealanders either way because if they don't do something about it they will have to put up taxes and god knows what else which will properly cost more than paying a bit off GST on some imported goods.
I have had lots of mates that all f@*k off overseas to make the big money and tell me how good it is, then they come back with no money and tell me how they had to drive 1 1/2 hours to work and 2 hours to get home un-paid and in there own vehicle, If they worked those unpaid driving hours in NZ they would have been making more money......But while in NZ they didn't want to travel more than halve an hour un-paid?

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If I was young, I'd get a decent qualification, I'd spend 5 yrs overseas earning the big dosh, my kids have done this, then I'd come back to gods own and settled down here with all its great lifestyle and money in the bank! There is certainly big money to be earnt overseas, but conditions can be challenging!

The simple facts are if you don't produce something then you are a parasite living off of those who produce.
A short hundred years ago virtually everyone produced something or fixed something, very few sat on their arse producing nothing.
nowadays most large company's have huge numbers of staff who produce nothing but rules and get payed very well to do it.

There is a set amount of food/shelter/clothing etc if you aint producing it then the very fact you are alive is increasing the cost of it. which means those producing it have to work harder and more efficiently for less than ever before.

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Originally Posted by Maca49

If I was young, I'd get a decent qualification, I'd spend 5 yrs overseas earning the big dosh, my kids have done this, then I'd come back to gods own and settled down here with all its great lifestyle and money in the bank! There is certainly big money to be earnt overseas, but conditions can be challenging!

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Agree completely, just had an old appreciate ring to say he's coming back, gone 5 years and coming back to two houses a section and almost enough to build a house on the section, he's one of the lucky ones I know.

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Originally Posted by Beavis

I don't have a huge beef with paying GST. Local business need to embrace it and evolve

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My thoughts exactly. As another poster said, it's about protecting retailers, and I think, controlling, greedy middlemen/ importers.

What about the virtual traders on TradeMe, are they next ? Perhaps ban eBay? .ban parallel imports?.. Get real, the days of pulling up the drawbridge and the moat mentality are over.
I remember the 60's and 70's .... They were dark, controlled times, thank God they're over.

B

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Originally Posted by Maca49

Google, Apple and multi nationals are the pricks that need to come good and stop raping us of tax.:

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Not just them mate, our so called iconic NZ companies are experts at onshore tax " minimalisation " in the name of protecting the shareholders " best interests".

B

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Originally Posted by veitnamcam

Should have brought a house freehold!:thumbsup:

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Shit man I paid $4k for my first section and spent $15k on my first house, building it myself and I saw it a couple of weeks ago it's still standing and doesn't leak! You can see by that I'm not a qualified builder! I had a first mortgage of $12k and a second mortgage of $1.5k
I was earning about $4.5 k a year. I did the foundations at night , after work,using a flood light on a pole to see by, then all day Saturday and Sunday on site, took me about 6 months to build.

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Originally Posted by shift14

Not just them mate, our so called iconic NZ companies are experts at onshore tax " minimalisation " in the name of protecting the shareholders " best interests".

B

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Yep I work for some of NZ biggest and they hated paying tax, but they paid wages and PAYE to thousands, Google and Apple don't even do that they just rape

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Originally Posted by veitnamcam

The simple facts are if you don't produce something then you are a parasite living off of those who produce.
A short hundred years ago virtually everyone produced something or fixed something, very few sat on their arse producing nothing.
nowadays most large company's have huge numbers of staff who produce nothing but rules and get payed very well to do it.

There is a set amount of food/shelter/clothing etc if you aint producing it then the very fact you are alive is increasing the cost of it. which means those producing it have to work harder and more efficiently for less than ever before.

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That's what China does for us now! Don't we love the cheap shit? We'll be really f**ked if Fonterra faulters

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Originally Posted by Maca49

Yep I work for some of NZ biggest and they hated paying tax, but they paid wages and PAYE to thousands, Google and Apple don't even do that they just rape

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No argument with any of that. At least tho, when I bought iPhones online through apple.com, GST was paid.

B

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Originally Posted by Maca49

Shit man I paid $4k for my first section and spent $15k on my first house, building it myself and I saw it a couple of weeks ago it's still standing and doesn't leak! You can see by that I'm not a qualified builder! I had a first mortgage of $12k and a second mortgage of $1.5k
I was earning about $4.5 k a year. I did the foundations at night , after work,using a flood light on a pole to see by, then all day Saturday and Sunday on site, took me about 6 months to build.

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There's not many people these days that will put that extra hard work in to get ahead, even harder if you actually want to build your own house with the new licensing shit.

Unfortunately many (maybe most) of the real rich are paying little or no taxes.. Its all the rest of us in the middle, look it up its true.

If the government was waking up to our money going off shore they would make sure overseas companies payed tax on their profits and make overseas property investors pay tax on what they make here. Not waste time chasing $15 on a pair of jeans made in Bangladesh that costs customs $14 it inspect including checking the true value, sending a bill, processing a payment and then signing off product release. This aproach will just create a much larger more expensive tax gathering bureaucracy.

I have no problem paying GST on anything but i just don't think there will be a fair way to do it. I think this is what is wanted by the retailers, not a fair playing field.

:pissed off:

Dam i should have brought 5-10 Auckland Houses back in the 1990s on no deposit loans (I know people who did). Think I could now retire on all that tax free capital gain...